Quick answer: The 2024 BMW i5 is a highly refined midsize luxury electric sedan that starts at $66,800 for the rear-wheel-drive eDrive40 and $84,100 for the high-performance M60 xDrive (excluding destination charges). In real-world highway testing, it consistently beats its conservative EPA ratings, with the eDrive40 exceeding 340 miles on a single charge and the M60 delivering 264 miles even on 21-inch performance wheels. It offers traditional BMW driving dynamics and cabin refinement, though it lacks federal EV tax credits for outright purchases and has a compromised rear floor layout shared with gas-powered 5 Series models.
Key takeaways:
- The base eDrive40 features a single rear-mounted electric motor producing 335 horsepower, while the dual-motor M60 xDrive pumps out a massive 593 horsepower.
- Real-world range stands out, with independent Edmunds testing achieving 346 miles on the eDrive40 (51 miles over EPA estimates) and 264 miles on the M60.
- Standard luxury tech includes the BMW Curved Display running the updated iDrive 8.5 operating system and optional Level 2 hands-free Highway Assistant.
- The vehicle is not eligible for the $7,500 federal EV tax credit when purchased outright, though lease agreements can pass this credit on as capitalized cost reductions.
- Documented early-model issues include climate control changeover valve coolant leaks, 12V auxiliary battery drainage when parked, and specific safety recalls for the integrated brake system and motor control software.
Trim Levels and Pricing
The 2024 BMW i5 marks the debut of the legendary 5 Series in all-electric form. It is offered in two main configurations for the United States market, catering to both efficiency-minded commuters and performance enthusiasts. For a broader look at the entire midsize luxury EV segment from Munich, explore our comprehensive BMW i5 hub.
BMW i5 eDrive40 (Rear-Wheel Drive)
The base model in the lineup is the eDrive40, starting at $66,800 MSRP. With the standard destination charge of $995, the starting price comes to $67,795. This trim is powered by a single rear-mounted electric motor, delivering power exclusively to the rear wheels to maintain classic BMW handling traits.
Standard equipment on the eDrive40 includes:
- 19-inch aerodynamic wheels
- Veganza synthetic leather upholstery
- Harman Kardon premium sound system
- Wireless smartphone integration and wireless device charging
- Heated front sport seats and dual-zone automatic climate control
BMW i5 M60 xDrive (All-Wheel Drive)
For buyers seeking track-ready speed, the i5 M60 xDrive starts at $84,100 MSRP ($85,095 with destination). This high-performance model adds a second electric motor to the front axle, creating an all-wheel-drive system.
The M60 trim includes performance-specific enhancements as standard:
- Adaptive M Suspension Professional with electronically controlled dampers
- M Sport brakes with blue calipers
- Executive Package upgrades including panoramic glass panel and glass interior controls
- Unique sporty exterior styling elements and aerodynamic trim
Destination Charges and Optional Packages
While the base prices are highly competitive within the luxury EV market, checking option boxes will quickly inflate the final cost. Key packages for the 2024 model year include:
- Convenience Package ($900): Adds heated steering wheel, heated seats, and internal camera.
- Premium Package ($2,850): Includes Live Cockpit Professional with HUD, Surround View 3D camera, and Parking Assistant Plus.
- Executive Package ($4,050): Adds the panoramic glass panel, power rear sunshade, and glass controls.
While the 2024 model marked the debut, buyers looking for newer models can check the 2025 BMW i5 review or the upcoming 2026 BMW i5 for minor year-over-year updates.
Electric Powertrain and Performance
BMW chose not to build the i5 on a bespoke electric platform, opting instead to share the CLAR flexible architecture with gas-powered and plug-in hybrid 5 Series models. Despite this shared foundation, the electric powertrain performs exceptionally well.
Motor Configurations and Acceleration
The single motor in the eDrive40 generates 335 horsepower and 295 pound-feet of torque. This output allows the base sedan to sprint from zero to 60 mph in 5.7 seconds. Power delivery is linear and immediate, providing satisfying highway passing capability without the latency found in gas engines.
The M60 xDrive elevates performance significantly, outputting a combined 593 horsepower and 586 pound-feet of torque. Activating the steering-wheel-mounted M Sport Boost paddle increases torque to 605 pound-feet for up to ten seconds. With boost or Launch Control engaged, the M60 rockets from zero to 60 mph in just 3.3 seconds, rivaling high-end sports cars.
Steering, Handling, and Driving Dynamics
BMW has successfully integrated its signature driving dynamics into the battery-electric platform. The steering feels weighted and precise, though slightly isolated compared to older hydraulic systems. The battery pack is positioned low in the floor, reducing the center of gravity and minimizing body roll during hard cornering.
The standard suspension on the eDrive40 uses traditional steel springs up front and a self-leveling air suspension in the rear to handle the extra battery weight. The M60 benefits from an adaptive suspension system that continuously adjusts to road conditions, minimizing cabin vibration while keeping the heavy sedan planted on winding roads.
Battery Range and Charging Capabilities
Both trims of the i5 share a high-voltage lithium-ion battery pack with a total capacity of 83.9 kWh, of which 81.2 kWh is usable.
EPA vs. Real-World Range (Edmunds Testing)
Range ratings vary depending on the chosen trim and wheel size:
- eDrive40: Rated at 295 miles with standard 19-inch wheels, dropping to 278 miles with 20-inch wheels and 270 miles with 21-inch wheels.
- M60 xDrive: Rated at 256 miles with 19-inch wheels, 248 miles with 20-inch wheels, and 240 miles with 21-inch wheels.
In independent testing by Edmunds, the i5 consistently surpassed these conservative figures. The eDrive40 achieved a real-world highway range of 346 miles, which is 51 miles beyond its official EPA rating. The M60 xDrive equipped with larger 21-inch performance wheels achieved 264 miles, exceeding its EPA estimate by 24 miles (a 10% improvement).
DC Fast Charging and Charging Times
The i5 utilizes a 400-volt charging architecture with a peak DC fast-charging rate of 205 kW. When connected to a compatible high-output charger, the battery can replenish from 10% to 80% state of charge in approximately 30 minutes. Under optimal conditions, ten minutes of fast-charging adds roughly 90 miles of highway range.
For home charging, the internal AC charger accepts up to 11 kW. When connected to a standard Level 2 home charger, a full charge from empty takes approximately 8.25 hours, allowing owners to easily recharge overnight.
Two Years of Free Electrify America Charging
BMW includes two years of complimentary 30-minute charging sessions at Electrify America DC fast-charging stations. This program must be activated through the My BMW app and is non-transferable to subsequent owners. For active drivers, this represents an estimated operating cost saving of $1,500 to $2,000.
Exterior Styling and Visual Details
The exterior design of the 2024 BMW i5 is modern yet evolutionary, maintaining the classic three-box luxury sedan proportions of the traditional 5 Series.
Front Grille and Signature Lighting
The front of the i5 features a modern interpretation of the signature BMW kidney grille. It is blanked off to improve aerodynamic efficiency but retains a traditional frame. Buyers can opt for the BMW Iconic Glow outline package, which illuminates the border of the grille at night. The headlight housings house slim, vertical LED daytime warning lights that double as turn signals.
Wheel Choices and Tires
Standard wheels on the eDrive40 are 19-inch aerodynamic alloys wrapped in low-rolling-resistance tires to maximize range. Optional upgrades include sportier 20-inch and 21-inch designs. While the larger wheels improve visual appeal and lateral grip, they stiffen the ride slightly and reduce overall range by up to 8%.
Dimensions and Curb Weight
The i5 has grown larger than its predecessor, measuring 199.2 inches in length, 74.8 inches in width, and 59.6 inches in height. It rides on a 117.9-inch wheelbase. Weight is substantial due to the heavy battery pack, with the eDrive40 tipping the scales at 4,916 pounds, while the dual-motor M60 xDrive weighs 5,247 pounds.
Interior Luxury, Space, and Comfort
The cabin of the i5 represents a major shift toward digital minimalism, featuring premium materials and excellent build quality.
Veganza Synthetic Leather vs. Premium Options
The i5 is the first BMW model to offer a fully vegan interior as standard. The seats, dashboard, steering wheel, and door panels are wrapped in Veganza, a perforated synthetic leather that closely mimics the texture and feel of real cowhide. For traditionalists, Extended Merino leather remains available as a $1,500 option, though the standard Veganza stands out for its soft texture and easy maintenance.
Cabin Dimensions and Rear Seat Comfort
Front passengers enjoy generous room with 39.1 inches of headroom and 41.3 inches of legroom. Rear seat room is adequate but compromised by the shared platform layout. Because the chassis is shared with gas cars, the rear floor features a prominent central drivetrain tunnel, which limits foot room for a center passenger. Rear legroom is rated at 36.5 inches, which is slightly less than the Mercedes-Benz EQE.
Trunk Capacity and Cargo Practicality
The rear trunk offers 17.3 cubic feet of cargo volume. The space is deep and shaped regularly, with a standard 40-20-40 split-folding rear seat to accommodate longer cargo.
However, because the vehicle shares its front engine compartment with gas variants, there is no front trunk (frunk) under the hood. The entire area under the hood is filled with power electronics, coolant reservoirs, and the front motor on the M60 trim.
Infotainment and Driver Assistance Technology
The dashboard is dominated by the BMW Curved Display, which houses two screens behind a single piece of glass: a 12.3-inch instrument cluster and a 14.9-inch touchscreen.
BMW Curved Display and iDrive 8.5
The screens run the updated iDrive 8.5 operating system. The interface features a QuickSelect functionality, placing commonly used widgets on the driver-side of the screen to minimize the need to dig through submenus. System responsiveness is fast, and the layout supports wireless Apple CarPlay, Android Auto, and over-the-air software updates.
A unique feature is AirConsole gaming integration, which allows the driver and passengers to use their smartphones as controllers to play casual video games on the main screen while the car is parked or charging.
Highway Assistant and Hands-Free Driving
The optional Driving Assistance Professional Package ($2,000) adds BMW’s Level 2 Highway Assistant. This system allows hands-free driving on designated access-controlled highways at speeds up to 85 mph. A key innovation is the Active Lane Change Assistant with eye activation, which initiates a lane change simply when the driver looks into the corresponding side mirror after the car suggests the maneuver.
Safety Ratings and Recalls
Safety remains a strong selling point for the i5, though potential buyers should check the vehicle’s history for early recalls.
IIHS Crash Test Results and Safety Awards
The Insurance Institute for Highway Safety (IIHS) designated the 2024 BMW 5 Series and i5 as a Top Safety Pick. The sedan achieved top “Good” ratings in the small-overlap front crash tests and the updated side-impact test. It also received high marks for its standard front crash prevention systems, which successfully avoided collisions with pedestrians in daytime testing. Euro NCAP separately awarded the i5 its maximum five-star safety rating.
Documented Recalls and Service Bulletins
As a first-year model, the 2024 i5 has faced several safety recalls and technical service bulletins that should be verified by VIN before purchasing a used model:
- Integrated Brake System (IBS) Module (Recall 24V-104): Some models may experience a loss of power brake assist due to a faulty electronic brake module supplied by Continental, requiring dealer replacement of the actuator.
- Electric Drive Unit Software (Recall 25V-395): An issue where the vehicle software could falsely detect an insulation fault and shut down the high-voltage system for 15 to 20 seconds. This is resolved via an OTA software update.
- High-Voltage Battery Weld Seams (Recall 24V-135): A small batch of early production batteries had insufficient weld seams, posing a thermal management and fire risk.
- Steering Spindle (Recall 24V-714): Affected models manufactured in June and July 2024 could have a defective steering spindle joint that is prone to cracking.
- Climate Control Changeover Valve (Service Bulletin SIB 17 01 24): Vehicles built between May 2023 and January 2024 may develop a coolant leak in the heat changeover valve, causing a loss of cabin heat and powertrain warning lights.
- 12V Auxiliary Battery Drain: The small 12V auxiliary battery can discharge if the vehicle sits idle for several weeks, preventing the doors from unlocking and requiring a jumper pack.
Competitive Comparison
The luxury midsize electric sedan segment is highly competitive, with the i5 facing off against established players.
BMW i5 vs. Mercedes-Benz EQE
The Mercedes-Benz EQE starting price is $74,900, which is over $7,000 more expensive than the base i5 eDrive40. The EQE offers a slightly quieter highway ride and more rear legroom, but its controversial aerodynamic styling has been criticized by traditional sedan buyers. The i5 looks like a normal car and offers sharper steering and more engaging handling.
BMW i5 vs. Tesla Model S
Starting at $74,990, the Tesla Model S is more expensive than the base i5 but cheaper than the M60. The Model S offers a much longer EPA range (405 miles) and access to the seamless Supercharger network, along with a front trunk and hatchback cargo design. However, the i5 offers vastly superior interior assembly quality, traditional physical controls, and a more comfortable cabin.
BMW i5 vs. Genesis Electrified G80
The Electrified G80 starts at $74,375 and comes standard with dual-motor all-wheel drive and a highly luxurious cabin. The G80 utilizes a superior 800-volt architecture that allows faster charging (10% to 80% in 22 minutes), but its trunk space is highly compromised by the battery conversion, offering just 10.8 cubic feet.
Pros and Cons
Major Advantages
- Conservative Range Estimates: Exceeds official EPA highway range figures by up to 19% in real-world testing.
- Refined Driving Experience: Delivers traditional BMW chassis control, weighted steering, and a quiet ride.
- High-Quality Interior: Standard Veganza synthetic leather feels premium, and cabin assembly is rock-solid.
- Modern Infotainment: iDrive 8.5 is fast and responsive with intuitive shortcuts.
- Complimentary Charging: Two years of free 30-minute Electrify America charging.
Notable Drawbacks
- No Federal EV Tax Credit: Not eligible for the $7,500 purchase incentive due to European assembly.
- No Front Trunk: Lacks a frunk, restricting supplementary storage.
- Rear Cabin Compromise: Central floor tunnel reduces rear middle passenger footwell space.
- Options Add Up: Base price is competitive, but adding desirable packages quickly pushes the price past $75,000.
Buyer Verdict: Is the 2024 BMW i5 Worth It?
The 2024 BMW i5 represents a highly successful entry into the electric sedan market, managing to retain the core values of the legendary 5 Series while offering a modern electric drivetrain.
Best For
Suburban professionals and BMW loyalists who want a premium electric daily driver with home charging capability. It is best suited for drivers who prioritize athletic handling, build quality, and traditional styling over absolute maximum range specs.
Consider Alternatives If
If you frequently embark on long-distance road trips exceeding 300 miles, the Tesla Model S or Lucid Air will provide more range and faster charging infrastructure. Budget-conscious buyers may also want to explore leasing programs to take advantage of lease-only EV incentives.
Frequently Asked Questions
What is the range of the 2024 BMW i5?
The base i5 eDrive40 is EPA-rated for 270 to 295 miles depending on wheel size, but independent real-world testing by Edmunds achieved 346 miles on a single charge. The performance i5 M60 is rated for 240 to 256 miles, with 264 miles achieved in real-world testing on large 21-inch wheels.
How much does the 2024 BMW i5 cost?
The rear-wheel-drive eDrive40 starts at $66,800 ($67,795 with destination charges). The all-wheel-drive M60 xDrive starts at $84,100 ($85,095 with destination). Optional packages and upgrades can increase the final price of either model by $5,000 to $10,000.
How long does it take to charge a 2024 BMW i5?
When using a DC fast charger at its peak rate of 205 kW, the i5 can charge from 10% to 80% in approximately 30 minutes. At home on a standard Level 2 charger (11 kW), a full recharge from empty takes roughly 8.25 hours.
Is the 2024 BMW i5 eligible for the federal EV tax credit?
No, the 2024 BMW i5 is not eligible for the $7,500 federal EV tax credit when purchased outright because it is assembled in Germany. However, if you lease the vehicle, BMW Financial Services can apply the credit as a capitalized cost reduction to lower your monthly payments.
Does the BMW i5 have a front trunk (frunk)?
No, the 2024 BMW i5 does not have a front trunk. The space under the hood houses power electronics, coolant reservoirs, and the front electric motor in the M60 trim. All cargo storage is located in the 17.3 cubic foot rear trunk.
What are common problems with the 2024 BMW i5?
Early owners have reported climate control changeover valve coolant leaks (causing a loss of heat), 12V auxiliary battery drainage when parked for long periods, and minor software glitches in the iDrive 8.5 touchscreen interface. Ensure all early recalls, including the integrated brake actuator campaign, have been performed by a dealer.
